Learning Objectives Related to Bonds Payable

What does it mean to retire bonds before maturity?

• Issuing new bonds

• Paying off bonds early

• Converting bonds to stock

• Increasing bond interest rates

What was the total amount of current assets for Southwest Airlines Co. on December 31, 2022?

• $14,808 million

• $17,342 million

• $3,219 million

• $35,369 million

How much was the property, plant, and equipment, net for December 31, 2021?

• $17,342 million

• $14,842 million

• $3,219 million

• $18,036 million

What was the total liabilities amount on December 31, 2022?

• $24,682 million

• $25,906 million

• $10,378 million

• $14,304 million

Which of the following was the amount for noncurrent operating lease liabilities on December 31, 2022?

• $1,118 million

• $1,315 million

• $2,186 million

• $1,985 million

What is typically the face value of a bond as stated in a bond certificate?

• $50,000

• $100,000

• $150,000

• $200,000

Which of the following is NOT typically included in a bond certificate?

• Issuing company's name

• Maturity date

• Annual interest rate

• Company's stock price

What does a bond represent for an issuing company?

• Equity

• Debt

• Asset

• Revenue

Which of the following is a component of a bond certificate?

• Dividend rate

• Interest payment dates

• Stock options

• Market capitalization

What affects the pricing of bonds?

• Time value of money

• Inflation rate

• Government policies

• Stock market trends